Ann: WDS LIFTS FY13 NPAT GUIDANCE AND PROVIDES TR, page-5

re: Ann: WDS LIFTS FY13 NPAT GUIDANCE AND PRO... Well not sure how you can dress up the fact that WDS went from a net debt position of $20m to a net cash position of $20m in 6 months, that's a cool +$40m movement.

In addition they are geared to the CSG sector in QLD. So EV/Price is sitting around the 5 level, which is undemanding. I will be keeping this one very tight, but think there is room to move higher from here.

This wont be the first time I have been wrong though. In fact that's the beauty of being a full time trader, I get to be wrong all the time.